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UFS to host inaugural ‘Sanlam and Santam Economist of the Year’ gala event

16 October 2024 | Story Anthony Mthembu | Photo Supplied

The Department of Economics and Finance, within the Faculty of Economic and Management Sciences (EMS) at the University of the Free State (UFS), in collaboration with Sanlam and Santam, will host the inaugural ‘Sanlam & Santam Economist of the Year’ competition gala event on 18 October 2024. The event, to be held on the UFS Bloemfontein campus, marks the exciting conclusion of this prestigious competition.

About the competition

Prof Johan Coetzee, Chairperson of the Department of Economics and Finance at UFS, explained that the competition, launched in July 2024, is an initiative of the department, sponsored by Sanlam and Santam. ‘’The competition aims to equip our graduates with the essential skills required for the modern workplace, including presentation, communication, problem-solving, and critical thinking skills,” said Prof Coetzee. He also highlighted plans to extend the competition to schools, saying, “We are looking forward to broadening the platform to include school-level participants.”

In addition, Prof Coetzee noted that the competition is designed to train students to become highly skilled economists capable of navigating the challenges of the Fourth Industrial Revolution (4IR).

The competition sees students - ranging from first-year undergraduates to those pursuing master's qualifications within the department - competing against each other by making predictions on key macroeconomic indicators. A schedule of these indicators is provided, and students must predict their values on an online platform before the official release of each indicator. Points are awarded based on the accuracy of their predictions, with the top 10 competitors progressing to the final stage.

Gala event highlights

Representatives from Sanlam and Santam, the Department of Economics and Finance, the top 10 finalists, and the department’s top academic performers from each year group will attend the gala event. “Besides recognising the competition winners, we will also honour our top academic achievers. As a department, we acknowledge the importance of recognition, and we are proud to be the academic home of these outstanding students,” Prof Coetzee added.

The top 10 finalists will each deliver a six-minute presentation to a panel of four economists from the department, after which the top three finalists will be announced. These finalists will then answer an additional question, and the final judging will determine the winner of the ‘Sanlam and Santam Economist of the Year’ title. The winner will also receive the largest cash prize.

In addition to the awards, Sivuyile Nzimeni, a data analyst within the EMS faculty and the developer of the competition platform, will address the audience. Nzimene will discuss the development of the platform and plans for its expansion.

News Archive

2016: The year that was on the Qwaqwa Campus

2016-12-19

Dr Lehlohonolo Koao believes his research
will improve ordinary lives.
Photo: Thabo Kessah

Prof Lis Lange making a point about
the governance, leadership, and
management processes at the university.
Photo: Thabo Kessah

One of the leading performers of
I-DENT-I-TIES, Baanetse Mokhotla.
Photo: Thabo Kessah

The year 2016 has seen the Qwaqwa Campus become a hive of activity from all fronts.

Lithium-ion batteries research

On the research front, Dr Lehlohonolo Koao started work on the research that is aimed at improving lives of ordinary people. His research project focuses on improving the efficiency of lithium-ion batteries that are now commonly used in portable electronics, such as cellphones and laptops.

“This study will enhance power retention in the batteries for improved daily life since cellphones, solar panels, and laptops, to mention only a few, are now a way of life.’’

Dr Koao is a Senior Lecturer in the Department of Physics, where he specialises in solid state materials. He is also a member of the Vice-Chancellor’s Prestige Scholars Programme.

Spotlight on the academic project

To create a conducive teaching and learning environment on the campus amid the academic difficulties experienced during the year, the Institute for Reconciliation and Social Justice (IRSJ) hosted a critical conversation that was facilitated by Vice-Rector: Academic, Prof Lis Lange.

Prof Lange interacted with students who asked her very difficult, but critical questions relating to internal UFS processes aimed at academic excellence. Issues that were discussed included developing a common understanding on governance, leadership, and management processes at the university.

Student talent unearthed

This was a year during which massive student talent was unearthed by an unusual stage play called I-DENT-I-TIES. This large-scale interdisciplinary performance project afforded Qwaqwa students an unforgettable experience. This was according to Baanetse Mokhotla, one of the leading performers.

“I have personally learnt a lot about performing arts and also grew as an individual.”

The creative minds behind the play included New York-based Dutch director, Erwin Maas; Vienna-based Dutch theatre designer, Nico de Rooij; Djana Covic, a Serbian performance-craft-artist based in Vienna; and South African film and stage legend Jerry Mofokeng. The production was part of this year’s Vrystaat Arts Festival in Bloemfontein.

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